Best broker FBS Full Review
FBS is a global ENN/STP brokerage house providing investment and financial services internationally. The company is primarily based in East Asia, but provides a range of services across the globe.FBS.com is a trading brand of FBS Holdings Inc, a company founded in 2009. Its headquarters are located at 15-2 Jalan cecawi 6/33, Cecawi Trade Centre, Kota Damansara, 47810 Petaling Jaya, in Malaysia.
FBS is authorized and regulated by “Centre for Regulation in OTC Financial Instruments and Technologies” (CRFIN) since December 20, 2013. The company broker primarily specializes in Forex Trading and related financial instruments, such as Metals and CFDs.
Account Types and Promotions
FBS offers a series of promotions to its traders including 100% welcome bonus, $5 cash reward, self-rebate, fixed rates and FBS Deposit insurance, among others.Traders can open an account that suits their investment goals by choosing from the variety of accounts available on the broker platform.
Cent Account: This account type requires traders to deposit a minimum of $1.00 in order to begin trading on a real account. The minimum order volume is set at 0.01, while the maximum is set at 1000 lots with step 0.01. This account type is considered ideal for beginner traders, who have little to no experience in real account trading. The available leverage is up to 1:1000, and traders can hold a maximum of 50 open positions. This account also has floating spreads which start at 1 pip and traders can trade in up to 90 currency pairs and 6 metals at no commission.
Micro Account: This is yet another account type which is considered ideal for less experienced traders. It requires a minimum deposit of $5. The minimum order volume is set at 0.01, while the maximum level is set at 500 lots with step 0.01. The leverage for this account type is up to 1:2000 and traders can have a maximum of 100 open positions at a time. There are no commissions and traders enjoy fixed spreads, which start at 3 pips. Traders can trade up to 90 currencies, 6 metals and CFDs.
Standard Account: This account type is tailor-made for intermediate traders, and it requires a minimum deposit of $100. Minimum trade volume is set at 0.01, while the maximum level is 500 lots with step 0.01. Traders receive leverage up to 1:2000 and can open a maximum of 100 positions at a time. The rest of the benefits are similar to those enjoyed by Cent account holders, although here traders do get to trade CFDs as well.
Zero Spread Account: This account type is ideal for advanced traders and it requires a minimum deposit of $500. Just like the name suggest, spreads here are fixed and they start from 0 pips. However, traders here do get to pay commissions, which start from $20 per lot. The rest of the features are pretty much the same to the ones accessible to Standard Account holders.
Unlimited Account: This is by far the best account type and traders must trade at least 0.1 lots in minimum volume order. The required minimum deposit is $500, but leverage is only up to 1:500. There are no trading limits for this account type and no commissions as well. Traders enjoy floating spreads which start at just 0.2 pips, while enjoying the rest of the features accessible to standard account holders.
Segregated Account: The aim for this account type is to allow traders to separate trading funds in such a way that they only keep up to 30% in their trading account, while the remaining 70% stays in their personal bank accounts. However, when it comes to trading, they are allowed to trade up to 100% level of their total money.
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This account type is basically for risk-free trading. It allows traders to trade all the available instruments using virtual currency to perfect their trading skills before engaging in real money trading.
Trading Instruments, platforms and conditions
At FBS, traders can trade in several currencies as explained in the account types, as well as 6 metals, and CFDs.The trading currency pairs include all major currency pairs, the Minors as well as exotic currencies.
In the metals category, traders can trade Gold, Copper, Platinum and Silver among others, while CFDs feature major indices and futures among others.
Traders receive a margin call when their trade account level is down to 40% compared to open positions, while a stop out is executed at 20% account level.
Traders also can swap account free at registration, and are allowed to use Expert Advisors, practice Hedging and apply various trading strategies.
With regard to trading platforms, traders have access to the downloadable MT4 trading platform, as well as the mobile-based MT4 platform. They can use these to apply autotrading strategies.
Deposits and Withdrawals
The minimum deposit is $1.00 as outlined in the account types and traders can deposit funds using Credit/Debit Card, Wire Transfer and Electronic Payments (Webmoney, Neteller, Skrill, SafeCharge, OK Pay, CashU, Perfect Money, Yandex, FBS Rebate and Toko Dollar, among others.Minimum withdrawal is $1.00, apart from Wire Transfer, which has a set minimum of $50. Traders can withdraw money using the method of deposit.
Support
Traders at FBS can contact support via Telephone, Email, Live Chat and Contact form.Email: support@fbs.com
